HB470 — Relating to the calculation of the ad valorem rollback tax rate of a taxing unit and voter approval of a proposed tax rate that exceeds the rollback tax rate.

HB470 — Relating to the calculation of the ad valorem rollback tax rate of a taxing unit and voter approval of a proposed tax rate that exceeds the rollback tax rate. · Informed CitizenryThe bill amends the Tax Code to establish specific formulas for calculating effective tax rates and rollback tax rates for taxing units. It defines a "small taxing unit" as any taxing unit other th…Open in Informed Citizenry